This form is used by a Landlord to demand payment of overdue rent from a non-residential tenant within 5 days from giving the Notice in accordance with the laws of your state. (Note: If a written agreement provides for a longer notice, use the notice length stated in the agreement). "Non-Residential" includes commercial or industrial property. If the Tenant fails to pay within 5 days, the lease may be considered terminated by the Landlord. The Tenant is informed that the Tenant must either pay the rent or suffer possible termination. If he does not pay, the Landlord may begin eviction proceedings. If the Landlord does not elect to proceed with termination or eviction, but instead agrees to accept rent after the termination date stated in the Notice, the lease is generally reinstated. For additional information, see the Law Summary link.
Illinois 5 Day Notice Form With Payment
State:
Illinois
Control #:
IL-1208LT
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Illinois 5 Day Notice To Pay Rent Or Lease Terminates - Nonresidential Or Commercial?
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FAQ
The Illinois 5 Day Notice to Pay or Quit warns a tenant that their rent is past due rent and if it isn't brought current with 5 days of being served this notice, their tenancy will terminate.
A 5-day notice must include: Date of notice, Address of property and unit number (if any), Date lease will end (more than 5 days after the date of the notice), Amount owed (not including costs and fees), and. That the tenant has 5 days to pay in full.
An Illinois five (5) day non-payment notice to quit is an official document used to notify when a tenant fails to pay rent on time. If the landlord does not receive rent on the due date, they may issue a 5-day notice to quit the next day. This notice should be served in person or posted on the tenant's door.
The non-payment notice gives the tenant a total of five (5) days to either pay all that is due to the tenant or leave the property along with their possessions. If the tenant decides to leave, they shall be liable for the entire amount past due plus any other obligations that were in the lease agreement.
The amount due on the five-day notice only includes rent. It won't include late fees, utilities, and any other charges ? unless the lease specifically states these other charges are considered "additional rent.? You can't just post a five-day notice on a rental unit door unless you know the tenant has abandoned it.